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Monday Morning Mortgage Rate Update - Integrated Mortgage Planners
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Monday Morning Mortgage Rate Update - Integrated Mortgage Planners
Quick Summary: Last week Statistics Canada confirmed that our key measures of core inflation cooled a little in May and our GDP decreased by 0.1% in April (month-over-month). Stats Can also now estimates that our GDP declined by the same amount in May. Mortgage Advice for Now My advice is unchanged from last week. Fixed rates are now back below their long-term averages. The rate premium that borrowers have historically had to pay for longer ter…
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